woensdag 5 november 2003

Wanna Bet? Online Biz a Winner

"The traditional British betting shop fancies itself a social institution, a convivial place where people can wager a few pounds on a horse race or soccer game. But that's not how Andrew Black sees it. The Internet entrepreneur considers bookmakers financial parasites who build a fat profit into all the odds they offer. Inspired by the way shares trade hands on the New York Stock Exchange, Black designed a way to match both sides of a bet on the Internet, bypassing the bookmaker. By acting as a broker, his company Betfair has rocked the hidebound world of sports betting."